DRW Venture Capital holds nearly $200 million in cryptocurrency ETFs

2024-08-14 08:08:44

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ChainCatcher news, according to The Block, based on the latest 13F form submitted to the U.S. Securities and Exchange Commission (SEC), Chicago-based high-frequency trading firm DRW Holdings' venture capital arm, DRW Venture Capital, disclosed that it currently holds over $195 million in spot Bitcoin and Ethereum ETFs, with more than $150 million invested in Grayscale Ethereum Trust (ETHE).

It is reported that DRW's Ethereum ETF holdings are more than three times that of its Bitcoin ETF. Grayscale ETHE is DRW's third-largest holding, following funds tracking the S&P 500 index and gold trust funds.

Additionally, the company's investments in Bitcoin ETFs are relatively diversified, holding Bitcoin ETFs issued by Ark, 21Shares, Bitwise, BlackRock, Fidelity, and Proshares. DRW has been involved in the crypto industry since 2018. Its subsidiary, Cumberland, has been selected as a liquidity provider for many Bitcoin ETFs. Cumberland recently also obtained a virtual currency license, BitLicense, granted by the New York State Department of Financial Services (NYDFS).

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2024-10-15 12:15

Data: The total net inflow of Ethereum spot ETF yesterday was $17.0656 million, and the ETF net asset ratio reached 2.28%

2024-10-15 11:59

Data: The total net inflow of Bitcoin spot ETF yesterday was $556 million, and the ETF net asset ratio reached 4.75%

2024-10-15 11:56

Data: Yesterday, the net inflow of the US Ethereum spot ETF was 17.11 million USD

2024-10-15 10:51

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DRW Venture Capital